Posted inBlog
ITAT Overturns Bogus Purchase Disallowance Due to Lack of Evidence
ITAT overturned a purchase disallowance, emphasizing that tax officers need concrete evidence, not just assumptions, to prove bogus transactions.
Posted inTaxation and Legal Insights
Madras High Court Rules Assessing Officers Cannot Override Taxpayer Options Under Section 36(1)(vii-a)
Madras High Court affirms taxpayers' exclusive right to bad debt deductions under Section 36(1)(vii-a), preventing officers from overriding choices.